WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: clean86 who wrote (11446)	5/24/2000 2:27:00 PM
From: Starlight	Read Replies (1) of 60323

Clean - Actually, that quote about money was from Dan Hamilton's post, which I was responding to. (http://www.siliconinvestor.com/readmsg.aspx?msgid=13765936) Many new investors have come into the market in the past few years, and most have not seen a bear market (I'm not talking about pandas). The Fed is in earnest now about cooling off this economy and the resultant bull market. It pays to watch the Fed. Rising interest rates are NOT good for stocks. There used to be an adage about "Three steps and a stumble" -- three rate hikes in a row, and the market stumbles. That's what we have right now. Higher rates mean higher mortgage rates, higher credit card rates, higher margin interest, etc. Consumer spending will have to slow down because consumer debt is too high. That means less money to invest in the market. It all has a domino effect -- sometimes taking months to work it's way into our lives. I know a lot of you already are aware of this, but maybe some of the newer investors aren't. I feel that a year from now, SanDisk will be higher. I am somewhat confident that 6 mos. from now it will be higher. Hang tough in the meantime. Betty

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